Elumelu, African leaders commend AFC on World Class Governance Standards

CHAIRMAN, United Bank for Africa Plc, Tony Elumelu, has hailed the African Finance Corporation on its various initiatives and contributions targeted towards supporting African economies in the last few years, noting that these initiatives have gone a long way in fostering growth and diversity on the continent.

Elumelu, who gave this commendation during the AFC’s 10th anniversary celebrations of the corporation in Abuja, this week, was also full of praises for the corporate governance culture exhibited and practiced by the AFC, adding that its impact has been felt not only in Africa, but by the world over.

The UBA chairman who was honoured at the event as a long serving board member of the AFC, said “As a pioneer chairman of risk and governance at the AFC, I interacted closely with management and the AFC has world class leadership and management.

“We have seen great seeds planted. This is indeed an African institution domiciled in Nigeria with world class standards’ he said as he referred to the Triple A rating of the AFC.

Having served on the board of AFC for nine years, he shared his vision and hopes for the corporation in the next 10 years as he sat on a panel titled The foundation for growth, alongside the former Nigerian President Olusegun

Obasanjo and the Former Central Bank governor of Nigeria, Professor Chuwuma Soludo.